WSO2 Attracts $10 Million in Funding Following 220% Year Over Year Growth in New Customer Adoption of WSO2’s Cloud and Enterprise Middleware

WSO2,
the lean enterprise middleware company, today announced that it has
closed a $10 million funding round led by Toba Capital, and joined by
Cisco and Intel Capital. The investment comes in the wake of a 220% year
over year increase in new customer bookings in 2012, as enterprises
worldwide adopt WSO2’s award-winning cloud
and enterprise
middleware to achieve greater agility and fast-track their
innovation.

“We recognized early on that the rapidly evolving opportunities and
challenges facing today’s enterprises would be best supported by
redefining middleware as a modular platform that could be implemented,
expanded and modified just as quickly. The strong revenues, customer
adoption, and scale of deployments worldwide are powerful validation of
our vision,” said Dr. Sanjiva Weerawarana, WSO2 founder and CEO. “With
the investment by Toba Capital, Cisco and Intel Capital—leaders in
cultivating technology innovators—we can now strategically accelerate
our ability to deliver on this vision.”

WSO2 will use the growth financing to expand its global operations and
grow its marketing, sales and support teams in the United States and
Europe. The company also is advancing the delivery of next-generation
middleware solutions that address the new business and IT models fueled
by mobile computing and the cloud. To help spearhead this effort, WSO2
also announced today that TIBCO co-founder John Mathon has joined as
WSO2 vice president of product marketing. For more information, see the
press release dated February 4, 2013.

With the investment, Tyler Jewell, CEO of Codenvy and representing Toba
Capital, has joined the WSO2 board as an observer.

Vincent C. Smith, managing director of Toba Capital notes, “WSO2 has an
exciting team of proven entrepreneurs, who are delivering real value to
large brands that demand an agile solution for their mission-critical
applications. We are excited to invest in WSO2, and with a doubling of
new customers year to year, we believe the company has tremendous
potential for growth.”

Lisa Lambert, vice president and managing director, Software and Service
Group, Intel Capital says, “WSO2 has tapped into a fundamental need for
today’s enterprises to move seamlessly throughout the organization and
across the cloud by re-imagining its platforms as interlocking pieces
that form a bridge across these environments. With the newest funding
round, WSO2 is set to expand its services and support for the rapidly
growing base of customers worldwide that are building their
next-generation solutions around these platforms.”

About Toba Capital

CIO, CTO & Developer Resources

Toba Capital is a venture firm focused on enterprise software and
infrastructure. Toba backs entrepreneurs building transformative
businesses, both as an investor and as an ongoing operational partner.
The firm was founded by Vinny Smith, an early investor and former CEO of
Quest Software.

About Intel Capital

Intel Capital, Intel's global investment and M&A organization, makes
equity investments in innovative technology start-ups and companies
worldwide. Intel Capital invests in a broad range of companies offering
hardware, software, and services targeting enterprise, mobility, health,
consumer Internet, digital media and semiconductor manufacturing. Since
1991, Intel Capital has invested more than US$10.8 billion in over 1,276
companies in 54 countries. In that timeframe, 201 portfolio companies
have gone public on various exchanges around the world and 317 were
acquired or participated in a merger. In 2012, Intel Capital invested
US$352 million in 150 investments with approximately 57 percent of funds
invested outside North America. For more information on Intel Capital
and its differentiated advantages, visit www.intelcapital.com
or follow @Intelcapital.

About WSO2

WSO2 is the lean enterprise middleware company. It delivers the only
complete open source enterprise SOA middleware stack purpose-built as an
integrated platform to support today’s heterogeneous enterprise
environments—internally and in the cloud. WSO2’s service and support
team is led by technical experts who have proven success in deploying
enterprise SOAs and contribute to the technology standards that enable
them. For more information, visit http://wso2.com,
or check out the WSO2 community on the WSO2
Blog, Twitter,
LinkedIn,
Facebook,
and FriendFeed.

Trademarks and registered trademarks are the properties of their
respective owners.

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